In the last analysis, we discussed. The Nifty Gann resistance has now shifted at 11920-930 area. On holding above that, we may see bulls again getting some strength back. On the lower side, staying below 11750, Nifty can show more downside levels of 11710/11660/11600.
Yesterday Index opened gap-down. And once it started holding below the 11750 Gann support, bears dragged the market towards 11640 levels.
Now Nifty is advancing towards the most Critical Point in Price & time structure of the market. That will decide the further trend of the market for the next couple of days.
The Nifty Gann resistance on the upper side now has shifted at 11800. Above that, we can see Nifty bulls strengthening back in the market.
On the lower side, below 11750, Nifty did our almost second target of 11660. Now for further decline, Nifty bears need to break & hold below the Gann support 11600-11619 area.
Nifty Expiry Day Trading Levels
Resistance for today in Intraday is at 11720 above the move towards 11750/11790/11860 can be seen.
While Support for today is likely to come at 11630 below, that move towards 11600/11560/11490 can be seen.